Voluntary Resignation Resignation is defined as the voluntary act of an employee who finds himself in a situation where he believes that personal reasons cannot be sacrificed in favor of the exigency of the service and he has no other choice but to disassociate himself from his employment. (Virgen Shipping Corp. vs. Barraquio‚ G.R. No. 178127‚ April 16‚ 2009 citing Valdez vs. NLRC.) The key is that resignation must be a “voluntary act”‚ and that the employee must have knowingly and voluntarily dissociate
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CAPITAL UNIVERSITY OF ECONOMICS AND BUSINESS BTEC-HND Centre Unit 7 Edexcel Level5 BUSINESS STRATEGY Unit Introduction 24 February 2013 Phoa Khee-Liang 潘科良 Unit 7: Business Strategy BTEC Higher National — H2 Description of unit The aim of this unit is to develop your abilities to evaluate and select strategies appropriate to business organizations. This will involve an analysis of the impacts of the external operating environment and the need to plan organizational
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STRIKES AND LOCK-OUTS 22. 23. 24. 25. Prohibition of strikes and lock-outs. General prohibition of strikes and lock-outs. Illegal strikes and lock-outs. Prohibition of financial aid to illegal strikes and lock-outs. CHAPTER VA LAY-OFF AND RETRENCHMENT 25A. Application of sections 25C to 25E. 25B. Definition of continuous
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experiences a recession. A recession is “a significant decline in economic activity spread across the economy‚ lasting more than a few months‚ normally visible in real income‚ employment‚ industrial production‚ and wholesale-retail sales (Recession‚ Retrenchment‚ and Recovery: State Higher Education Funding & Student Financial Aid‚ 13).” Technically there were two recessions‚ the first was from January through July of 1980‚ and the second was from July 1981 through November 1982. Because the two recessions
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In the case regarding Bob’s Supermarket‚ several key facts and critical issues were observed. Bob’s Supermarket was co-owned by Bob and Sam Thompson. Also‚ they had a third silent party that provided capital for the stores. Eventually‚ Bob and Sam brought out the third party and they became the sole owners. The brothers in 1998 formed a subchapter-S corporation to purchase an existing supermarket into Hanover‚ Indiana. Five years later‚ they decided to expand by purchasing a store in Westport‚ Indiana
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CASE: Ghosn and Nissan A & B Introduction Nissan revival shows how Leadership personalities‚ management style and embracing culture changes could rescue a company. We would analyse the problems and especially Gohsn leadership in reviving Nissan. Problems Prior to the partnership and after 1990s‚ Nissan does not have a clear vision and mission. Complacency sits in during the 1990s and rather than building their core strength‚ they diversified into telecommunications and property estates. These
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Strategic management Definition of strategic management Strategic management is defines as the set of decision and action resulting in formulation and implementation of strategies designed to achieve the objective of an organization. It involves attention to following nine critical areas: 1. Determining the mission of the company‚ including broad statement about its purpose‚ philosophy and goals. 2. Developing a company profile that reflects internal condition of both capabilities. 3. Assessment
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their strengths and they are in a position to identify what alternatives strategies are available for them in the light of their organizational mission. In this there are four main strategies: 1) Stability strategy 2) Growth/Expansion Strategy 3) Retrenchment strategy 4) Combination strategy 1. Stability strategy The basic approach is ‘maintain present course: steady as it goes.’ In an effective stability strategy‚ companies will concentrate their resources where the company presently has or can rapidly
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Change Management in British Airways Name Class Affiliation Instructor Date Table of Contents TOC o 1-3 h z u HYPERLINK l _Toc353214240 Introduction PAGEREF _Toc353214240 h 3 HYPERLINK l _Toc353214241 Context of the change PAGEREF _Toc353214241 h 3 HYPERLINK l _Toc353214242 Evaluation of the nature of such changes PAGEREF _Toc353214242 h 4 HYPERLINK l _Toc353214243 The change management strategy PAGEREF _Toc353214243 h 5 HYPERLINK l _Toc353214244 The challenges and difficulties in implementing
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best condition to accommodate to your request. Eight months ago‚ Soundtrex underwent a major restructuring exercise that resulted in negative impacts on our employees’ morale. Measures implemented were extensive cost-cutting measures as well as retrenchment of non-productive staffs. Strict controls were imposed on employment benefits such as travel allowances‚ vacation privileges and bonuses. Furthermore‚ there were pay cuts‚ zero bonuses‚ and cuts in budget for operating expenses. Our employees were
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